Tony makes an hourly salary of $11.50 for 40 regular hours of work. For anytime worked beyond 40 hours, he is paid at a rate of time and a half per hour. Last week, tony worked 46 hours. Find each of the following for this period
A. Tonys gross pay
B. Social security tax
C. Medicare tax

Question

04-05-2018
Mathematics

contestada

Tony makes an hourly salary of $11.50 for 40 regular hours of work. For anytime worked beyond 40 hours, he is paid at a rate of time and a half per hour. Last week, tony worked 46 hours. Find each of the following for this period
A. Tonys gross pay
B. Social security tax
C. Medicare tax

Respuesta :

Otras preguntas

write a sentence that compares the reactants and products of photosynthesis with the reactants and products of cellular respiration

a ladder is leaning against a wall. the ladder touches the wall 15 feet above the ground. how far is the bottom of the ladder from the wall if the length of the

mature sedimentary grains are... select all that apply. group of answer choices poorly sorted well rounded well sorted larger in size angular small in size

what volume (ml) of the sweetened tea described in example 3.14 contains the same amount of sugar (mol) as 10 ml of the soft drink in this example?

the decomposition of has a rate constant of at a certain temperature: determine the rate of the reaction , when ?

the chief function of root hairs is to a) decrease the anchoring power of roots. b) provide a direct passageway from the soil to the vascular cylinder. c) incre

for the electron in the hydrogen atom, which of the sets of observables below are compatible observables?

if a dance teacher moves a dancer's arm through a preferred trajectory, that form of augmented feedback would be referred to as:

at a party, jenn and her friends try a new drug. within a half-hour they are feeling great, hugging each other, sweating, feeling thirsty, and beginning to feel

a young marine returned home after two tours of combat with symptoms that included mentally reexperiencing combat situations, increased autonomic arousal, socia

Felecityyy Felecityyy · Answer 1 · 2018-05-18T15:31:02+02:00

Given: # of hours worked = 46hrs; regular hourly salary = $11.50; overtime rate = 1.5 per hr
Required:
a.) Gross pay
b.) SS tax
c.) Medicare tax

Solution:
Let's compute first his regular salary. Multiply the given regular hourly rate to 40 hrs which is considered as the regular number of working hour to get the regular salary. Multiply the hourly rate of 11.50 to 1.5 which is the overtime rate, before multiplying the product to the difference of his total working hours and regular working hours to get the overtime payment. Add the two amounts to get the gross salary.

Regular pay = 11.50 x 40hrs = 460
Overtime pay = (11.50 x 1.5) x (46hrs - 40hrs) = 103.50
Gross pay = 460 + 103.50 = 563.50

The social security rate is 6.2%. Multiply the rate to his gross salary to get the SS tax. 6.2% x 563.50 = 34.94

The Medicare rate is 1.45%. Multiply the rate to his gross salary to get the Medicare tax. 1.45% x 563.50 = 8.17

Answers:
a.) Gross Salary = 563.50
b.) SS tax = 34.94
c.) Medicare tax = 8.17

Tony makes an hourly salary of $11.50 for 40 regular hours of work. For anytime worked beyond 40 hours, he is paid at a rate of time and a half per hour. Last week, tony worked 46 hours. Find each of the following for this period A. Tonys gross pay B. Social security tax C. Medicare tax

Respuesta :

Otras preguntas

Tony makes an hourly salary of $11.50 for 40 regular hours of work. For anytime worked beyond 40 hours, he is paid at a rate of time and a half per hour. Last week, tony worked 46 hours. Find each of the following for this period
A. Tonys gross pay
B. Social security tax
C. Medicare tax